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Cathie Wood Cheers Hong Kong’s Crypto And Web3 Push: US Missing The Boat?
The post Cathie Wood Cheers Hong Kong’s Crypto And Web3 Push: US Missing The Boat? appeared on BitcoinEthereumNews.com. Cathie Wood, CEO of ARK Invest, a prominent investment firm focused on disruptive technologies, was among key participants in a roundtable discussion at the recent Hong Kong Web3 Carnival. During the discussion, Wood expressed his optimism about the future of blockchain and cryptocurrencies and praised Hong Kong’s approach to regulate the development of Web3. Related Reading: Red Flag For eToro? Philippines Investigates Possible Securities Violation Bitcoin Spot ETFs: A Major Milestone For Crypto The discussion also touched upon the recent approval of Bitcoin Spot ETFs in the United States, which Wood considers a major milestone for the digital asset industry. She believes this will encourage institutional adoption of Bitcoin, leading to greater price stability and mainstream acceptance. Bitcoin is now trading at $69.750. Chart: TradingView Crypto Poised For Global Transformation Wood highlighted how blockchain technology and Bitcoin are becoming more sophisticated. She thinks that Web3, the upcoming version of the internet based on these ideas, would have a big impact on a lot of different industries, such e-commerce and banking. Wood claims that this influence will be worldwide and available to everybody with an internet connection. She sees a significant role for artificial intelligence (AI) in Web3 development, especially in the gaming sector. Recent investments in the field by Sony and Polygon demonstrate the potential for intriguing new goods and experiences that could arise from the confluence of blockchain and AI. Hong Kong’s Progressive Approach Wins Praise While acknowledging the challenges posed by the evolving regulatory landscape in the United States, Wood lauded Hong Kong’s progressive approach to crypto regulation. She commended the Securities and Futures Commission for its comprehensive framework for virtual asset trading. Wood specifically highlighted Hong Kong’s transparency and leadership in fostering innovative technologies as a model for other regions. Wood praised Hong Kong's approach to regulate…
The post Cathie Wood Cheers Hong Kong’s Crypto And Web3 Push: US Missing The Boat? appeared on BitcoinEthereumNews.com.
Cathie Wood, CEO of ARK Invest, a prominent investment firm focused on disruptive technologies, was among key participants in a roundtable discussion at the recent Hong Kong Web3 Carnival. During the discussion, Wood expressed his optimism about the future of blockchain and cryptocurrencies and praised Hong Kong’s approach to regulate the development of Web3. Related Reading: Red Flag For eToro? Philippines Investigates Possible Securities Violation Bitcoin Spot ETFs: A Major Milestone For Crypto The discussion also touched upon the recent approval of Bitcoin Spot ETFs in the United States, which Wood considers a major milestone for the digital asset industry. She believes this will encourage institutional adoption of Bitcoin, leading to greater price stability and mainstream acceptance. Bitcoin is now trading at $69.750. Chart: TradingView Crypto Poised For Global Transformation Wood highlighted how blockchain technology and Bitcoin are becoming more sophisticated. She thinks that Web3, the upcoming version of the internet based on these ideas, would have a big impact on a lot of different industries, such e-commerce and banking. Wood claims that this influence will be worldwide and available to everybody with an internet connection. She sees a significant role for artificial intelligence (AI) in Web3 development, especially in the gaming sector. Recent investments in the field by Sony and Polygon demonstrate the potential for intriguing new goods and experiences that could arise from the confluence of blockchain and AI. Hong Kong’s Progressive Approach Wins Praise While acknowledging the challenges posed by the evolving regulatory landscape in the United States, Wood lauded Hong Kong’s progressive approach to crypto regulation. She commended the Securities and Futures Commission for its comprehensive framework for virtual asset trading. Wood specifically highlighted Hong Kong’s transparency and leadership in fostering innovative technologies as a model for other regions. Wood praised Hong Kong's approach to regulate…
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